What we need to understand is, one, that there are market failures; and two, that there are things like asset bubbles and irrational exuberance. There are periods of booms, bubbles, and manias. These things, if left to themselves, can lead… — Nouriel Roubini Copy Share Image
I believe in market economics. But to paraphrase Churchill - who said this about democracy and political regimes - a market economy might be the worst economic regime available, apart from the alternatives. I believe that people react to incentives,… — Nouriel Roubini Copy Share Image
The economic costs, the financial costs, the job losses, the income losses, the fiscal costs of bailing out financial system are becoming larger and… — Nouriel Roubini Copy Share Image
Technology is spurring innovation, and the so-called "demographic dividend" has brought change. — Nouriel Roubini Copy Share Image
What is important to me is that when I write something, people listen to me. I provide my wisdom to people, whether they agree… — Nouriel Roubini Copy Share Image
I believe investors should invest for the long run, so I don't buy and sell. I usually maintain the classic index of global equities,… — Nouriel Roubini Copy Share Image
The Treasury plan is a disgrace: a bailout of reckless bankers, lenders and investors that provides little direct debt relief to borrowers and financially… — Nouriel Roubini Copy Share Image
I love and collect contemporary art and go to all the art fairs. I love Damien Hirst and Matthew Barney. I grew up in… — Nouriel Roubini Copy Share Image
I think it's true that the 1 Percent or the elite are living in a world of, maybe, excessive privilege, and they don't fully… — Nouriel Roubini Copy Share Image
Celebrity has become a burden. There are more demands on your time. People think it is glamorous to fly places. But it is not… — Nouriel Roubini Copy Share Image
No country can be complacent in making sure that excessive debt of the household doesn't create excesses and weaknesses in the financial system. Everything… — Nouriel Roubini Copy Share Image
Once you run current-account deficits, you depend on the kindness of strangers. This might be the beginning of the end of the American empire. — Nouriel Roubini Copy Share Image
I am quite international. My background, born in Turkey. My family is a Jewish family from Iran, so I went from Turkey to Iran… — Nouriel Roubini Copy Share Image
